Moinian was always out of his depth here, BP will speed things up.
Boston Properties to join as partner on Moinian’s 3 Hudson Boulevard
"...Sources familiar with the negotiations said the Boston-based real estate investment trust signed a term sheet last month to provide nearly $500 million of equity. Boston Properties would serve as the developer of record, and Moinian would continue to search for an additional equity partner, sources said...
...Moinian has gone after between $250 million and $350 million of EB-5 financing..."